50CB BREAKS: UP AND DOWN 5/20/13

THE market had a nice break long and short today, both with a varying degree of gap.

The long had a nice rise with two gaps , PA away from the 50CB trend line (and the 20EMA).  A single reversal top sold- broke the upper 50CB and the bull TL- and sold again at the second bear 50CB.

PA was flat for the balance of the day trading in a narrow, consolidating range.